03-01-2017, 03:53 PM
Given that their original plan for the first four towers was two condos + two rentals, and now they are going to start on a fifth rental, I am somewhat surprised by the demand for premium-quality rentals in uptown Waterloo (Princess is also upmarket rentals). I don't think the student demand explains all of that, either.
In downtown Kitchener, though, so far the upmarket rental unit demand is being met only by rented-out condo units. We'll need to wait for a while longer before we have some new rental stock here.
In downtown Kitchener, though, so far the upmarket rental unit demand is being met only by rented-out condo units. We'll need to wait for a while longer before we have some new rental stock here.